You are sure to have questions about financial aid. Here are some frequently asked questions to provide answers.
The Office of Financial Aid is an important resource for you. Visit us in the Student Union Building, Suite 230, on main campus during office hours. No appointments are necessary; however, if you are visiting from out-of-town we strongly encourage you to schedule an appointment.
A list of financial aid staff and counselors, with their contact information, is available online.
Because we have rolling admissions, you can apply at any time. However, students who complete a FAFSA by our priority filing date of April 1 will be considered first for financial aid.
Lincoln University's Federal School Code is 003290.
Your FAFSA application must be updated or renewed each academic year to continue receiving financial aid. Visit theFederal Student Aid website to submit either your new or renewal FAFSA.
No. Other types of aid, scholarships, or grants may require a separate application through the specific department or organization providing the aid.
Federal Loan processes are required to complete by the Department of Education before those funds can be disbursed to your account. These include the Master Promissory Note (MPN), Loan Entrance Counseling (LEIC), and the Annual Student Loan Acknowledgement (ASLA).
Log on to studentaid.gov or download the MyStudentAid app from the App Store or GooglePlay to begin. Click on "Sign Your Master Promissory Note (MPN)" on the FSA Dashboard and then click "Start" next to the MPN for your specific loan.
Log on to studentaid.gov or download the MyStudentAid app from the App Store or GooglePlay to begin. Under "Checklists" click the drop-down for "I'm in School" and then select "Complete Entrance Counseling." You'll click "Start" under "Entrance Counseling" to begin. Make sure you notify Lincoln University at 003290 and select Undergraduate or Graduate based on admission status. Don't forget-- you can use your financial assistance letter as a guide!
Log on to studentaid.gov or download the MyStudentAid app from the App Store or GooglePlay to begin. Click on "Complete the Annual Student Loan Acknowledgement" on the FSA Dashboard and then click "Start" next to "What am I acknowledging?"
Your parent can complete the Parent PLUS Loan on studentaid.gov by logging in with their own FSA ID and password. They may need to create a FSA ID if they do not already have one. From there, under the "Parent" tab, your parent can select "Apply for a Direct PLUS Loan" and click the "Start" button next to "Direct PLUS Loan Application for Parents." Your parent will get an instant decision at the end of the application letting them know if they have been approved or denied.
Federal verification is a process that requires institutions to verify the accuracy of the information provided on a student's FAFSA to ensure federal aid is distributed to those who are eligible. Students selected for verification are done so through random selection by the Department of Education. If you have been selected, you are required to provide documentation to the school verifying the information entered on your FAFSA. If you choose not to, or fail to submit verification documents, we will be unable to complete the review of your eligibility for federal financial aid.
To complete verification you must submit the following items:
A completed 2022-2023 Verification Worksheet
A copy of the student's 2020 Tax Return Transcript, if the IRS Data Retrieval Tool (DRT) was not used.
A copy of the student's 2020 non-filing statement from the IRS, if applicable.
If the student worked, but did not file, they must submit copies of all 2020 W-2 forms.
A copy of the parent(s) 2020 tax return transcript, if the IRS Data Retrieval Tool (DRT) was not used.
A copy of the parent's 2020 non-filing statement from the IRS, if applicable.
If the parent worked, but did not file, they must submit copies of all 2020 W-2 forms.
All Tax Return Transcripts and Non-filing Statements can be requested at irs.gov.
